"With the objective of optimizing shareholder value, the Company's Board of Directors has authorized management of the Company to take steps to separate the Barnes & Noble Retail and NOOK Media businesses into two separate public companies. The Company's objective is to take the steps necessary to complete the separation by the end of the first quarter of next calendar year."

On a company-wide basis, B&N's Q4 revenue grew 3.5% against last year to $1.32 billion.

In its fiscal 2015, B&N expects comparable bookstore sales in its Retail and Core segments to decline by low-single digits.

For its fiscal 2014, the company's revenue fell 6.7%, and revenue in its Nook segment fell 35.2% to just $505.9 million.

In the fourth quarter, the company sold just $25 million worth of NOOK devices and accessories.